With the passing of SECURE Act 2.0, many changes are underway to help Americans save for retirement more easily. One such change is a new incentive for low to moderate income individuals that will transition a Saver’s Credit into a government match. To prepare for the official switch coming in 2027, let’s look at the differences between retirement Saver’s Credit vs Match and the benefits of this new legislation. Retirement Saver’s Credit Currently, qualified contributors to 4

Employer-sponsored retirement plans are generally divided into two primary categories: defined benefit plans and defined contribution plans, both of which are covered by the Employee Retirement Income Security Act (ERISA). Both types of plans provide a variety of advantages to employees and employers but determining which one is the best fit for any given company requires an understanding of the key differences between these plan categories. Let’s examine these plans in more

One of the most asked questions regarding 401(k) contributions is whether they are tax deductible. When planning for retirement, it is important to save efficiently and understand all the ways to maximize your nest egg. I

The contribution limits for 2023 show a 7-11 percent increase for most contributions, reflecting the soaring inflation in our current economy. Here are some key increases to note.

401(k)s are a common choice for company benefit plans for how they allow employers and employees to contribute towards retirement.

As one of RPCSI’s most popular choices of retirement plans, the Safe Harbor 401(k) ensures equal contributions to every company employee regardless of position status.